HICL Infrastructure Company Ld Result of Equity Issue (1832H)
06 June 2017 - 12:22AM
UK Regulatory
TIDMHICL
RNS Number : 1832H
HICL Infrastructure Company Ld
05 June 2017
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT
FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,
IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH
AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.
5 June 2017
HICL Infrastructure Company Limited
Result of Equity Issue
Further to its announcement of 24 May 2017, the Board of HICL
Infrastructure Company Limited (the "Company") is pleased to
announce that the Company has raised gross proceeds of GBP267.7m
through the issue for cash, subject to listing, of 162,246,567
Ordinary Shares of 0.01 pence each (the "New Ordinary Shares") in
the Company (the "Issue"). The Issue Price per New Ordinary Share
was 165.0 pence.
The Issue was materially oversubscribed and in light of the
Company's current investment pipeline, the size of the Issue was
increased from its initial target size of GBP205m to the maximum
available to the Company.
Application has been made for the New Ordinary Shares to be
admitted to the premium segment of the Official List and to trading
on the Main Market of the London Stock Exchange. It is expected
that dealings in the New Ordinary Shares will commence at 8.00 a.m.
on 7 June 2017.
Following the issue of the New Ordinary Shares on 7 June 2017,
the total number of voting rights in the Company will be
1,785,507,302. This figure may be used by shareholders in
determining the denominator for the calculation by which they will
establish if they are required to notify their interest in, or a
change to their interest in, the Company under the FCA's Disclosure
and Transparency Rules.
Ian Russell, Chairman of HICL Infrastructure Company Limited,
said:
"I am delighted that HICL continues to represent such a
compelling proposition for the broad range of investors on our
share register. The strong demand for shares in the Company,
already demonstrated at the time of the formal fundraising in
March, has clearly been maintained for this subsequent issue. We
will continue to seek out risk-appropriate investments which can
enhance the existing portfolio whilst preserving our pricing
discipline."
For further information, please contact:
InfraRed Capital Partners
Limited
Harry Seekings
Keith Pickard +44 (0) 20 7484
Tony Roper 1800
Canaccord Genuity Limited
Robbie Robertson
Dominic Waters
Neil Brierley
Will Barnett +44 (0) 20 7523
David Yovichic 8000
Tulchan Communications
David Allchurch +44 (0) 20 7353
Latika Shah 4200
Aztec Financial Services
(Guernsey) Limited
Chris Copperwaite
Jacques Colley +44 (0) 1481 748831
Important Information
This Announcement contains Inside Information as defined under
the Market Abuse Regulation (EU) No. 596/2014.
This Announcement has been issued by and is the sole
responsibility of the Company.
This information is provided by RNS
The company news service from the London Stock Exchange
END
ROIOKPDDQBKDFAK
(END) Dow Jones Newswires
June 05, 2017 10:22 ET (14:22 GMT)
Hicl Infrastructure (LSE:HICL)
Historical Stock Chart
From Apr 2024 to May 2024
Hicl Infrastructure (LSE:HICL)
Historical Stock Chart
From May 2023 to May 2024